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India has been a money machine for Jane Street, netting the trading giant more than $4bn in profits in just over two years. But it is now the source of a scandal that is imperilling the Wall Street firm’s golden run. The Securities and Exchange Board of India last week accused Jane Street of a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Most British companies would withstand sharply higher tariffs even if their earnings fell 10 per cent and their borrowing costs surged, according to the Bank of England’s assessment of risks from US President Donald Trump’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese fast-fashion giant Shein has reportedly filed confidentially for an IPO in Hong Kong. That’s not surprising — it’s been working on a listing for nearly three years. What’s notable is the apparent strategy. According … Read more
Donald Trump’s vow to impose 50 per cent tariffs on copper imports left the market for the world’s most important industrial metal reeling on Wednesday. “Today we’re doing copper,” Trump said before a cabinet meeting on Tuesday, adding he believed the tariffs would be 50 per cent. Although US prices for the red metal spiked … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In mainland China, cryptocurrencies remain banned. But stablecoins, or digital tokens pegged to traditional currencies, are starting to draw interest from local policymakers. As Hong Kong prepares to implement its stablecoin licensing rules on August … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia’s big bet on nickel is at risk of turning sour, as plunging prices and a supply crunch of ore force refiners to reduce output and lay off workers. The country, which boasts the world’s … Read more
Ted Seides is the founder of Capital Allocators and former president of Protégé Partners. On a slow summer day 18 years ago, I began communicating with Warren Buffett about a bet that pitted the performance of hedge funds against the S&P 500. The suggestion turned into a charitable 10-year wager from January 1, 2008 to … Read more
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Europe is getting a little taster of a high-class problem: the downsides that come with operating a world-beating reserve currency. For now, the continent is not quite in this luxury spot. The euro accounts for a … Read more
